Egypt, China will sign cooperation deals worth at $10B: Qianjin

TCP : Egypt will sign with China $10 billion worth of cooperation agreements during the Chinese President Xi Jinping’s three-day-visit to Cairo that kicks off Wednesday, Minister Counselor of the Chinese Embassy in Cairo QI Qianjin‏ stated Tuesday.

President Abdel Fattah Al-Sisi Held Talks And Signed A Number Of Cooperation Agreements With His Chinese Counterpart President Xi Jinping – Courtesy Of Presidential Office

Qianjin added that the agreements include the establishment of a group of projects in Suez Canal Region besides cooperation deals with the Egyptian Ministry of Civil Aviation.

Egyptian Ministry of Electricity is expected to sign certain memoranda of understanding with the China Export and Credit Insurance Corporation (Sinosure) and the Export-Import Bank of China, in light of financial cooperation between both sides, particularly in financing electricity-related projects.

Jinping is scheduled to attend the signature of final contracts with the Arab Contractors Co. and the Petroleum Projects & Technical Consultations Co. (Petrojet) and China State Construction Engineering Corporation (CSCES) concerning the establishment of Egypt’s new administrative capital city.

About the Author

nsnbc - nsnbc international is a daily, international online newspaper, established on 25 February 2013. nsnbc international is independent from corporate, state or foundation funding and independent with regards to political parties.
nsnbc international is free to read and free to subscribe to, because the need for daily news, analysis and opinion, and the need for independent media is universal. The decision to make nsnbc international freely available was made so all, also those in countries with the lowest incomes, and those inflicted by poverty can access our daily newspaper.
To keep it this way however, we depend on your donation if you are in a position to donate a modest amount whenever you can or on a regular basis.
Besides articles from nsnbc's regular contributors and staff writers, including it's editor and founder, Christof Lehmann, it features selected articles from other contributors through its cooperation with media partners such as Global Research, The 4th Media, Aydinlik Daily, AltThaiNews Network, New Eastern Outlook, The Cairo Post and others.